Lazard Asset Management LLC Has $9.04 Million Stock Position in Janus International Group, Inc. (NYSE:JBI)

Lazard Asset Management LLC lessened its stake in Janus International Group, Inc. (NYSE:JBI) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,390 shares of the company’s stock after selling 27,058 shares during the quarter. Lazard Asset Management LLC owned about 0.41% of Janus International Group worth $9,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Janus International Group by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after purchasing an additional 2,458,953 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Janus International Group by 59.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after buying an additional 2,027,286 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Janus International Group in the 4th quarter valued at $26,103,000. Epoch Investment Partners Inc. bought a new stake in shares of Janus International Group during the first quarter worth $18,954,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Janus International Group by 23.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock valued at $79,414,000 after acquiring an additional 988,435 shares during the period. 88.78% of the stock is owned by institutional investors.

Janus International Group Trading Up 4.7 %

JBI traded up $0.65 during midday trading on Friday, reaching $14.56. 1,946,530 shares of the company were exchanged, compared to its average volume of 2,082,780. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95. The stock has a market capitalization of $2.13 billion, a P/E ratio of 15.33 and a beta of 0.91. The stock’s 50-day simple moving average is $13.33 and its 200 day simple moving average is $14.11. Janus International Group, Inc. has a one year low of $9.16 and a one year high of $15.86.

Janus International Group (NYSE:JBI) last posted its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The company had revenue of $254.50 million for the quarter, compared to analyst estimates of $252.90 million. During the same period last year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts forecast that Janus International Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on JBI. Jefferies Financial Group initiated coverage on Janus International Group in a report on Monday, April 15th. They set a “buy” rating and a $20.00 price objective for the company. Benchmark restated a “buy” rating and issued a $21.00 price objective on shares of Janus International Group in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Janus International Group currently has an average rating of “Moderate Buy” and an average target price of $16.88.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.